It’s Wednesday, the weekend doesn’t start for another two days, and the geopolitical situation remains tense. But hey, at least stocks are up. We can’t tell you why that is, but we do have the answers for last week’s quiz.
So here they are.
1. On FT Alphaville this week, two of the FT’s best dug into the spaghetti junction of subsidiaries and investment companies linked to under scrutiny German real estate company Adler Group. Name two of countries where some of these companies are incorporated?
You could have had any two from the following five bad eggs of international finance: Luxembourg, Cyprus, Isle of Man, Azerbaijan and Germany. Whiffy.
2. The LME’s attempt to bring back order to the nickel market continues to resemble a clown car with a wheel missing. When the market first reopened earlier this week after trading was suspended, what was the maximum percentage move the price could drop in day before trading was halted?
It was 5 per cent.
3. Bank of England governor Andrew Bailey loves a kip, apparently. Even during working hours. At his old gig at the FCA, he reportedly fell asleep during a meeting regarding which financial scandal?
One of the UK’s biggest ever pension mis-selling scandals prompted the governor to nod off. No idea if he’s a snorer.
4. Walking political PR experiment Rishi Sunak is back in the news this week ahead of the Spring Statement. In a previous life he was a hedgie at two London-baed funds. Name one of them.
Sunak was previously at Theleme and TCI. For those of you who can’t get enough of our trendy chancellor, here’s a picture of him reading about himself:
The Treasury have released some photos of “Photographs of the Chancellor preparing for Spring Statement 2022” featuring this picture of Rishi Sunak reading a Mail on Sunday interview with himself. pic.twitter.com/PICc6V85dL
— Harry Horton (@harry_horton) March 22, 2022
5. Deliveroo said this week it expects to be profitable — on an underlying basis at least — soon. Which year is it targeting to get into the black? And for a bonus, how many years is that after it was founded?
That would be 2024, just 11 years after it was founded.
6. Bidders are lining up to buy Chelsea from all corners of the world. Which US private equity fund co-founded by Howard Marks is one of the latest to chuck its name into the ring?
Oaktree is considering buying the West London club renowned for its plastic-flag waving fans.
7. Price guess time. Twitter IPO’d back in 2013 at $26 per share. And Friday’s close, will it be above or below that price?
It was above!
8. Who tweeted his nonsense? (Hint: renowned goldbug)
It was none other than Peter Schiff. We wonder if he was a little more pleased with Putin’s Loro Piana number.
Our winner of this week’s piece of prime freebie tat is Konstantin Pfeifer. Email us your address and we’ll pop something in the post.
Source: Financial Times
